Toll Brothers, Inc. (NYSE:TOL) Receives $150.33 Consensus Target Price from Brokerages

Toll Brothers, Inc. (NYSE:TOL) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $152.53.

Several research analysts have issued reports on TOL shares. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. Barclays lifted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price target for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,837 shares of company stock worth $16,950,495. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Toll Brothers during the 3rd quarter valued at $111,562,000. Pacer Advisors Inc. lifted its position in shares of Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after acquiring an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after acquiring an additional 431,160 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Toll Brothers in the third quarter worth $38,985,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $132.73 on Wednesday. Toll Brothers has a one year low of $95.46 and a one year high of $169.52. The business’s 50 day simple moving average is $152.39 and its 200 day simple moving average is $139.61. The stock has a market capitalization of $13.40 billion, a PE ratio of 8.83, a PEG ratio of 1.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the business earned $4.11 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that Toll Brothers will post 14.57 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s payout ratio is currently 6.12%.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.